moneymessiah — loan
I took a loan from Money Messiah Company for a $1, 000.00 The way thy have it set up so vague and complicated to take advantage of poor .They attach a $300.00 fee to be paid first and as long as you do not pay for the priciple they say the total loan of $1, 300.00 would be renewed and you have to keep paying the $300.00 fee They also keep referring to the terms and conditions of the loan to make you pay many fees over if you miss payment on the principle!! In another words, I already paid $600.00 but it has not affected my loan balance.Fees are reduced supposedly every month .This is nothing but loan sharking and hurting the working class who fall behind once and can not pay the lousy $1, 000.0 loan becuse of fees that accumulate.If consumer can not pay a small loan like that how do collection agencies would be able to collect ? They are in business to ruin the working class of their dignity and credit .Teir terms and conditions should be modified to accomodate the poor and needy if that's what their trying to help. I spent 45 minutes on the phone with the agent and his supervisor without a fair conclusion.